HTC Exodus 1s Places Blockchain On A Tight Budget

This new handset is a cheaper version of the company's first blockchain handset, the HTC Exodus 1.

According to the company's Chief Decentralised Officer, Phil Chen, the new device will provide support for decentralised apps (dapps) including social media, messaging, and browsing based applications.

We don't have many details about the handset yet, but HTC has said the phone will run as a full node - in other words, it will validate and relay Bitcoin transactions, and help keep the blockchain network running.

Chen claims "a really important piece of the pie" will be the phones ability to run a full Bitcoin node.

Similarly to the Exodus 1, the new phone comes with a built-in hardware wallet, known as the Zion Vault, which stores cryptocurrency keys in a trusted execution environment, thereby allowing users to easily own and spend cryptocurrencies without exposing them to malicious content. Having the full blockchain stored will allow users to be able to verify transactions through their device. The new toolkit will allow developers to explore integrating cryptocurrencies and the smartphone with third-party apps. "We understand it takes a community to ensure strength and security", HTC said in the announcement, "so it's important to the EXODUS team that our community have the best tools available to them".

"I see bitcoin as one of the most important if not the most important blockchains".

The HTC Exodus 1 was announced during Consensus 2018 and raised quite a lot of expectation in the community. Chen added: "The bitcoin blockchain is about 200 [gigabytes], and it's growing about 60 gigs per year".

Though the specification hasn't yet been released for the device, the retail price is touted to be between $250 and $300.

In April, HTC and Taiwanese manufacturing giant Hon Hai Precision Industry Co. made the 2019 Forbes list of the top 50 companies worldwide that are actively exploring and making use of Blockchain technology to achieve greater efficiency and better customer service. Moreover, it will ship with an extra SD card, in order to better support the phone's blockchain capabilities.

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